Today's Financial Highlights:

- Muxi Co., Ltd. listed on the STAR Market: Muxi Co., Ltd. was listed on the Shanghai Stock Exchange's STAR Market on December 17, with an issue price of 104.66 yuan/share. Based on this issue price, the market value at the time of listing is expected to be approximately 41.874 billion yuan. The number of shares issued is 40.1 million, raising a total of approximately 4.197 billion yuan, which will be used for high-performance GPU research and development and industrialization projects.

- Long March 12A carrier rocket conducts its maiden flight: The Long March 12A carrier rocket is expected to make its first launch at the Jiuquan Satellite Launch Center from 9:54 to 12:14 on December 17, while simultaneously attempting the vertical recovery of the first stage rocket. If successful, it will become the world's first liquid oxygen-methane rocket to achieve recovery on its maiden flight.

- Tiangpu Co., Ltd. warns of tender offer risks: Tiangpu Co., Ltd. announced that Zhonghao Xinying plans to initiate a partial tender offer to the company's shareholders at a price of 23.98 yuan per share, with the tender offer period from November 20, 2025, to December 19. As of the announcement, the closing price of Tiangpu's shares was 148.12 yuan/share, significantly higher than the tender offer price, and investors accepting the offer may face substantial economic losses.